Geode Capital Management LLC Has $29.65 Million Position in Brookdale Senior Living Inc. (NYSE:BKD)

Geode Capital Management LLC raised its holdings in Brookdale Senior Living Inc. (NYSE:BKD) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,365,480 shares of the company’s stock after acquiring an additional 89,344 shares during the quarter. Geode Capital Management LLC owned about 2.19% of Brookdale Senior Living worth $29,648,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Mackenzie Financial Corp boosted its position in shares of Brookdale Senior Living by 9.2% in the 2nd quarter. Mackenzie Financial Corp now owns 31,971 shares of the company’s stock worth $218,000 after purchasing an additional 2,697 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Brookdale Senior Living by 15.8% in the second quarter. Principal Financial Group Inc. now owns 24,845 shares of the company’s stock valued at $170,000 after buying an additional 3,390 shares during the period. nVerses Capital LLC bought a new position in Brookdale Senior Living during the second quarter worth about $25,000. Headlands Technologies LLC acquired a new position in shares of Brookdale Senior Living during the 2nd quarter worth about $26,000. Finally, SG Americas Securities LLC grew its position in shares of Brookdale Senior Living by 13.8% during the 3rd quarter. SG Americas Securities LLC now owns 43,053 shares of the company’s stock worth $292,000 after buying an additional 5,208 shares during the period.

Brookdale Senior Living Stock Up 1.2 %

Shares of BKD stock opened at $5.13 on Friday. Brookdale Senior Living Inc. has a 12-month low of $4.89 and a 12-month high of $8.12. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 14.46. The firm has a fifty day moving average of $5.66 and a 200-day moving average of $6.48. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -5.58 and a beta of 1.29.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The firm had revenue of $784.17 million for the quarter, compared to the consensus estimate of $785.61 million. Brookdale Senior Living had a negative return on equity of 59.06% and a negative net margin of 6.75%. During the same quarter last year, the company posted ($0.22) EPS. As a group, equities research analysts predict that Brookdale Senior Living Inc. will post -0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lee S. Wielansky sold 10,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $5.62, for a total transaction of $56,200.00. Following the completion of the transaction, the director now owns 211,382 shares in the company, valued at approximately $1,187,966.84. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BKD shares. Royal Bank of Canada reissued an “outperform” rating and set a $8.00 price objective on shares of Brookdale Senior Living in a research note on Friday, December 20th. Macquarie reissued an “outperform” rating and set a $8.00 price target on shares of Brookdale Senior Living in a research report on Friday, December 20th. Jefferies Financial Group assumed coverage on shares of Brookdale Senior Living in a research report on Wednesday, October 16th. They issued a “buy” rating and a $8.00 price objective for the company. Finally, Bank of America lowered Brookdale Senior Living from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $7.75 to $6.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, Brookdale Senior Living has an average rating of “Hold” and a consensus price target of $7.50.

Brookdale Senior Living Profile

Brookdale Senior Living Inc owns, manages, and operates senior living communities in the United States. It operates in three segments: Independent Living, Assisted Living and Memory Care, and Continuing Care Retirement Communities (CCRCs). The Independent Living segment owns or leases communities comprising independent and assisted living units in a single community that are primarily designed for middle to upper income seniors.